◂ Event Timeline

Feb 16, 2024REPORTEU

French Wheat Stocks Seen Hitting 19-Year High As Ukraine Wins EU Demand

FranceAgriMer raised its forecast for French soft wheat stocks at the end of the 2023/24 season to 3.50 million tonnes, a 19-year high and 37% above last season. Intra-EU exports were trimmed as cheaper Ukrainian grain competes in Spain and Italy.

WHY IT MATTERS

Large French stocks and lost EU export share are bearish for wheat export prices and reinforce ample feed grain supply in Europe.

AFFECTSWheat (SRW)▼

SOURCE
ukragroconsult.comFeb 16, 2024

Price reaction & history

Wheat (SRW)▼bearishSO FAR1d -0.2%5d +1.0%20d -4.6%

After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.

Apr 9, 2026Wheat stocks hit 5-year high as USDA holds export outlook steady+3.1%
Dec 12, 2017U.S. soybean, wheat ending stocks seen up as exports fall - Grainews+1.4%
Feb 1, 2021EU, UK combined wheat output for 2021-22 seen 8% higher on year at 147 mil mt-10.0%
Sep 17, 2025India's rice stocks hit record, wheat at four-year high - The HinduBusinessLine+0.4%
Dec 19, 2025USDA lifts 2025-26 global wheat stocks forecast as higher output offsets record demand+0.9%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Wheat (SRW) WHEAT · GP ▸

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